EURNZD
💡 Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.676). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 1.6835
TP2= @ 1.6885
TP3= @ 1.6950
TP4= @ 1.7040
TP5= @ 1.7120
SL= Break below S2
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💡 Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.681). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 1.6975
TP2= @ 1.7068
TP3= @ 1.7218
TP4= @ 1.7345
TP5= @ 1.7475
SL= Break below S2
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💡 Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7224). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 1.7365
TP2= @ 1.7520
TP3= @ 1.7610
TP4= @ 1.7770
TP5= @ 1.8020
SL= Break below S2
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💡Don't miss the great buy opportunity in EURNZDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.7137).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1.7280
TP2= @ 1.7340
TP3= @ 1.7440
TP4= @ 1.7610
TP5= @ 1.7770
SL= Break below S2
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ForecastCity English Support Team ❤️
💡 Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.718). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 1.7280
TP2= @ 1.7358
TP3= @ 1.7445
TP4= @ 1.7612
TP5= @ 1.7770
SL= Break below S2
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ForecastCity English Support Team ❤️
EURNZD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of EURNZD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 44 - 26 Oct
M > Market is moving in a rising channel. Price tested monthly support, faced rejection and started upward move.
W > Price has faced rejection at support of channel and is
D > After rejection at weekly demand zone and creating double bottom price is moving in a rising channel. We saw an M formation and as expected price moved up to test its neck and complete the formation. Price faced rejection at channel support. We can expect price to continue with upward move till resistance of channel that can coincide with monthly resistance level.
As per COT EUR saw addition of few Long and more Short, reducing net positions further. EXY was weaker during the said week however it gained back its strength last week. Institutions, since last month, reducing their portfolio of Long and increasing Long positions, with total 32K Long positions closed and 13.5K short positions opened. NZD saw closure of both Long and Short positions further improving net positions, whereas ZXY was weak during the said week but it gained strength last week. ZXY has been gaining strength slowly since June 2020.
In short term we can expect price to rise up but a bearish reversal can be expected from monthly resistance level.
4H > Price has faced rejection at support of channel and is now testing 4H supply zone. We can see an inverted H & S pattern under formation and price should continue moving upwards.
Pair Correlation > EURNZD has positive correlation with GBPNZD and negative correlation with NZDCHF, NZDCAD and NZDUSD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
💡Don't miss the great sell opportunity in EURNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7813). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1.7680
TP2= @ 1.7583
TP3= @ 1.7468
TP4= @ 1.7330
TP5= @ 1.7162
SL: Break Above R2
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Now, It's your turn!
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EURNZD LONG TRADE SETUPThe 4-hour is turning down against 1.9927 high seen on 3/19/2020. 1-hour is turning up against 1.7153 low. Near-term, while dips stay above 1.7153 low, expect pair to extend higher to correct cycle from 6/11/2020 peak as a flat before downside resume.
Short term trade
EURNZD LONG
@1.7360-40
TP: 1.7480
SL: 1.7310
Good luck !
EUR/NZD on 1 Hr, wait for confirmationAbout me:- Your scammer demo forex guru is back!! I lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading.
Disclaimer:- Don't Listen to me, I'm not a financial advisor
Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7333). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 1.7577
TP2= @ 1.7755
TP3= @ 1.7980
TP4= @ 1.8295
TP5= @ 1.8629
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️